Bayer said it would likely take until early next year to complete the planned $billion takeover of U. Monsanto (MON.N), later than previously expected. Regulators in nations around the world have spent the last year considering the implications of three farm-industry mega-mergers, including the acquisition by Bayer , the German pharmaceutical and . Baumann told a conference that he still expects the deal to close by early next year, despite the in-depth review, Reuters reports. If they succee we are facing a nightmare scenario: more bee-killing neonics in our fields, more toxic glyphosate on our plates, and more .
Here are some of the highlights. But some farmers say the merger eliminates competition and could lead to higher seed prices. Dumas-area farmer Dee Vaughan checks the ground after . Bayer AG, faces political and regulatory hurdles that two other completed agrochemical mergers — Dow Chemical Co. Syngenta AG-ChemChina — largely managed to avoid.
In fact, both are leaders in agricultural technology. They are path breakers in the advanced chemistry of crop protection products, such as .
The deal remains unconsummate still under scrutiny by antitrust . European regulators examined several recent deals in the sector. The two companies got good news Friday (Dec. 1) when the Committee on Foreign Investment in the United States completed its review of the deal. CFIUS has concluded there are no unresolved . Petitions signed by more than million people were delivered to the U. Department of Justice on Nov. Opponents of the deal have argued that combining the companies will drive up prices for farmers and increase the usage of genetically modified organisms.
This week, the EU is expected to send Bayer a so-called statement of objections that list potential reasons for the EU to block the $billion proposal. Bloomberg News reports regulators are looking “very . In late June, Bayer filed a submission to obtain antitrust . We are at a critical moment for our food and agriculture system. Competition in agriculture will never be the.
My company and customers rely on competitive pricing of goods to stay in business. Growing up in rural Iowa, I saw the challenges of farming. Bayer AG said Tuesday it appointed Wolfgang Nickl, its next finance chief. The new CFO will have to manage the integration of U.
The $1a share deal, up from Bayer’s previous offer of $127. German drugs and crop chemicals company Bayer has won over U.